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Data Sources: Centers for Medicare & Medicaid Services (CMS), Medicare Provider Utilization and Payment Data
Disclaimer: This site is an independent journalism project. Data analysis and editorial content are not affiliated with or endorsed by CMS or any government agency. All spending figures are based on publicly available Medicare payment records.
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ยฉ 2026 OpenMedicare. Independent data journalism. Built by TheDataProject.ai

Methodologyโ€ขDownload Data
  1. Home
  2. Providers
  3. Bioprecision Laboratories, Inc.
๐Ÿ”ฌ
Organization

Bioprecision Laboratories, Inc.

NPI: 1104402254
Farmington Hills, MI
1 year of data
Clinical Laboratory
$7.0M
Total Payments
1
Beneficiaries
592.9K
Services
1.35x
Markup Ratio

Peer Comparison

86th
percentile in specialty
This provider$7.0M
Specialty median$1.9M

๐Ÿ“‹ Key Findings

1Billed $7.0M over 1 year
โœ“ No flags detected

๐Ÿ”Ž Data Analysis

This provider's $7.0M in total Medicare payments ranks in the 86th percentile of Clinical Laboratory providers nationally.

100% of their billing comes from a single procedure code (K1034 โ€” Provision of covid-19 test, nonprescription self-administered and self-collected use, fda approved, authorized or cleared, one test count).

AI-generated analysis based on Medicare payment data.

Submitted Charges vs. Medicare Payments

Average per-service amounts submitted by the provider compared to what Medicare actually paid โ€” the gap represents the markup.

YearAvg SubmittedAvg PaidMarkup RatioGap per ServiceTotal PaymentsServicesBeneficiaries
2023$15.88$11.761.35x$4.12$7.0M592.9K1

Top Procedures (1)

K1034Provision of covid-19 test, nonprescription self-administered and self-collected use, fda approved, authorized or cleared, one test count
$7.0M
592.9K services$11.76/svc1.35x markup
Show detailed table โ–พ
CodeDescriptionServicesPaymentsAvg/ServiceMarkup
K1034Provision of covid-19 test, nonprescription self-administered and self-collected use, fda approved, authorized or cleared, one test count592.9K$7.0M$11.761.35x

Markup Analysis

Charge-to-Payment Ratio

1.35x

This provider submits charges 1.35 times higher than what Medicare actually pays.

What This Means

A markup ratio of 1.35x means for every $100 Medicare pays, this provider initially charges $135. This is lower than the national average.

Location

Farmington Hills, MI

Provider Verification

Always verify provider credentials and location before scheduling appointments. This data reflects Medicare payments and may not include all practice locations.

Similar Providers

Other Clinical Laboratory providers in MI for peer comparison.

Bioprecision Laboratories, Inc. (you)
$7.0M
Vpa Pc
$119.3M
Biotech Clinical Laboratories Inc
$89.7M
Orchard Laboratories Corpโš ๏ธ
$78.6M
Show detailed table โ–พ
ProviderLocationTotal PaymentsStatus
Vpa PcTroy, MI$119.3Mโœ“ Clear
Biotech Clinical Laboratories IncNovi, MI$89.7Mโœ“ Clear
Orchard Laboratories CorpWest Bloomfield, MI$78.6Mโš ๏ธ Flagged

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Data Sources

  • โ€ข Centers for Medicare & Medicaid Services (CMS)
  • โ€ข Medicare Provider Utilization and Payment Data (2014-2023)
  • โ€ข National Plan and Provider Enumeration System (NPPES)

Last Updated: February 2026 (data through 2023, the latest CMS release)

Note: All data is from publicly available Medicare records. OpenMedicare is an independent journalism project not affiliated with CMS.

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